First Mover Group: Review of financial reporting from Finanstilsynet

20 Apr 2023 08:51 CEST

Skoeyen, Oslo, 20 April 2023 First Mover Group (Company) is a leading
Scandinavian company supporting businesses in different phases of their office
relocation process.

Finanstilsynet has reviewed certain aspects of First Mover Group Holding ASAs
financial statements for 2021. The review has included the lack of reporting on
corporate governance pursuant to Section 3-3b of the Norwegian Accounting Act,
unclear and insufficient information on segments according to IFRS 8 Operating
segments, unclear and insufficient information related to operating revenues
from contracts with customers according to IFRS 15 Revenue from contracts with
customers, unclear and insufficient information on goodwill according to IAS 36
Impairment of assets and certain other matters. The company agrees with
Finanstilsynet’s view and will improve its future reporting. Finanstilsynet
takes note of this assumes that the company will improve its reporting and give
the required disclosures in the financial statements for 2022.

Letter from Finanstilsynet is attached hereto.

For further information, please contact: Øystein Leivestad, CEO/CFO,
oystein.leivestad@firstmovergroup.no +4793882303 www.firstmovergroup

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588020_Endelig brev - Kontroll+av+finansiell+rapportering.pdf